- 3 + years Commercial Loan Servicing experience
- Understanding of loan principles, loan calculations, calculating pay off letters, loan modifications.
- Understanding of insurance changes and how it can impact loans.
- Experience with MS Excel- General understanding of MS Excel- able to input and pull data, cross reference, ensure data quality
- Experience working within a centralized loan system.
- Prepare file for underwriting, create loan checklist, review all submitted documentation from members for accuracy (analyze lease(s) to rent roll, verifying liquidity on personal financial statements), coordinate with vendors to ensure timely delivery of requested reports, order and review of personal and business due diligence reports, organize electronic files.
- Communicate with internal and external parties regarding closing status, prepare closing and boarding checklists and prepare loan documents for non-real estate secured loans. Calculate, confirm, and send wires, review closing statements, checks and loan docs prior to funding, coordinate with legal counsel to facilitate funding
- Manage pipeline updates, ensure transactions are closed in compliance with the Member Business Loan Policy and governing regulations, perform quality control reviews of each completed loan file, maintain complete physical loan file, including all wet signature documents provided by legal counsel and coordinate off premises storage
- New loan origination review of loan documentation for accuracy of terms, preparation of initial escrow schedules, manual loan boarding into core system, maintain accurate reporting on new loan origination, perform quality control reviews of each completed loan file
Commercial Loan Servicer - Bethpage, NY, United States - TEKsystems
Description
Commercial Loan Servicer
Location: Bethpage, NY (HYBRID- work from home 3-4 times/week)
Schedule: Monday-Friday 9AM-5PM
Duration: 6 months +
Skills/Qualifications
Description
Responsible for all servicing aspects of the commercial and business loan portfolio and ensuring commercial and business loans originate in compliance with Member Business Loan Policy, as well as state and federal lending guidelines. This position performs a variety of tasks in servicing and processing including new loan boarding, escrows, modifications, preparation of closing files, coordination with third party vendors and member service.
About TEKsystems:
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.